Money transfer turnover of Unibank through Unistream amounts $802mln in 2008

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13.02.2009, 02:35

In 2008 the turnover of money transfers of Unibank CJSC through Unistream payment system amounted to $802mln, the bank’s press-service told ARKA News Agency. The system’s share in Armenia’s money transfer market is over 50%.

YEREVAN, February 12. /ARKA/. In 2008 the turnover of money transfers of Unibank CJSC through Unistream payment system amounted to $802mln, the bank’s press-service told ARKA News Agency. The system’s share in Armenia’s money transfer market is over 50%.

According to the official website of Unibank, transfers through Unistream remain in top levels this year as well. Over 33,000 transfers to the amount of $26mln were made in January alone.

According to the assessment of experts, Unistream has the lowest interest rates – from 1.1%, moreover the bigger the sum, the lower the interest rate.

Unistream is introduced in 90 countries.

Unibank CJSC was founded in 2001. It is co-owned by the Uniastrum Asset Management Ltd (50%) and the resident company Evainvest Ltd (50%).

On December 31 2008, the bank’s assets reached 68.8bln AMD, with liabilities being 59.3bln AMD, capital 9.5bln AMD, credit investments 46.1bln AMD, liabilities to clients 47.7bln AMD, and net profit for Jan-Dec 2008 amounting to 1.8bln AMD.

Unibank has 30 branches. G. S. –0--

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